🔥 Gate Square Event: #PostToWinNIGHT 🔥
Post anything related to NIGHT to join!
Market outlook, project thoughts, research takeaways, user experience — all count.
📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
🥈 Top 4: 100 NIGHT each
🥉 Top 10: 40 NIGHT each
📄 Notes
Content must be original (no plagiarism or repetitive spam)
Winners must complete Gate Square identity verification
Gat
Analyze the recent cryptocurrency market conditions, with BTC and ETH both declining, over 200,000 traders liquidated globally, totaling $616 million. Currently, BTC's key support levels are in the 85,000-86,800 range. If it falls below the $80,000 mark, it may continue to seek lower support levels. ETH is temporarily weak, breaking below the lower Bollinger Band on the 4-hour chart, with MACD bearish momentum continuing to expand.
From the capital flow perspective, whales and ETF funds are fleeing, indicating a lack of market confidence. The macro outlook is also not very optimistic, and there may be another significant drop this week.
Trading suggestions: For BTC, look for rebound opportunities in the 82,000-80,000 range. For ETH, consider shorting near 2,960-3,030. SOL can attempt a short-term long around 127, with resistance at 134-136. Overall, the market remains in a correction phase, so a conservative approach is recommended with strict risk control. Continue to monitor on-chain data and large traders’ movements, and adjust strategies promptly.